What evidence do you have of recycling? They may be locking up ETH and selling it, causing the market to go down -- but so does every ICO --- how else are you supposed to raise funds? This is different from recycling which is illegal, and they have third party auditors assuring that they aren't doing it (not saying that means they are 100% guaranteed not doing it, but just that your claims are pure speculation).

And what evidence do you have that its a scam? none. I work at Consensys and am heavily invested in ETH, but don't be a sycophant with a closed ming -- something has to replace ETH eventually.